Corporate Services segment

Business performance

Corporate Services comprises holding companies and other service companies that provide services such as IT and general administration across all segments.

Corporate Services’ total revenue amounted to €218.1 million in the reporting period (Q1–Q3 2023: €193.9 million). Its adjusted EBIT rose to €117.9 million (Q1–Q3 2023: €60.5 million). This increase was attributable to the intragroup income from equity investments, which was up sharply in line with the healthy financial performance of the previous year. Excluding internal income from equity investments, adjusted EBIT was moderately lower than in the prior-year period at minus €75.6 million (Q1–Q3 2023: minus €71.7 million). Adjusted EBITDA stood at €138.7 million (Q1–Q3 2023: €79.3 million) or minus €54.8 million (Q1–Q3 2023: minus €52.9 million) if intragroup income from equity investments is excluded.